Francesca Carlesi, CEO and co-founder of BTL digital lender Molo (pictured above), has announced her decision to step down from her role.
Her departure will take effect on 25th November this year, but Francesca will continue to be available to support the transition process.
Following the decision, Andrew Chepul, chair of Molo and CEO at ColCap Financial — which acquired 80% shareholding in Molo in March — will serve as executive chairman in the interim while the firm is searching for a new CEO.
Under Francesca’s leadership, Molo has experienced significant growth since its launch in 2018, delivering online BTL mortgage loans and also launching its mortgage-as-a-service proposition in the UK.
"It has been an incredible journey building Molo from the ground up and I'm immensely proud of what we've accomplished,” said Francesca.
“I want to extend my heartfelt thanks to the remarkable Molo team, our investors, business partners, customers and above all, ColCap, which believed in us and will now chart the course to new heights for the company.
“This is the right time for me to pass the torch to new leadership while I explore new opportunities and challenges."
Andrew added: “I would like to thank Francesca for the excellent business she has built, which continues to challenge the status quo of the UK mortgage market.
“ColCap’s acquisition of Molo was all about supercharging growth, and we look forward to continuing to build on our combined strengths and trajectory.”
